A motorist who chooses high-deductible versus low-deductible car insurance is signaling that he is:
A. a safe driver.
B. a reckless driver.
C. likely to not pay.
D. likely to be a low income earner.
Answer: A
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Unemployment insurance is usually available to workers in ________ for a shorter period of time than it is in ________
A) the United States; Canada B) Canada; some Western European countries C) Canada and some Western European countries; the United States D) some Western European countries; the United States
A tariff is a tax on either imports or exports
a. True b. False
The economic burden of an excise tax
a. can usually be partially shifted from buyers onto sellers. b. equals the revenue from the tax. c. is less than the burden of an income tax that would raise the same revenue. d. is shared equally by buyers and sellers.
Which of the following is an appropriate fiscal policy prescription that addresses the inflation that occurs when the economy is above potential GDP?
What will be an ideal response?